Common use of Financing of the Merger Clause in Contracts

Financing of the Merger. Generally. It is estimated that an aggregate of approximately $174.3 million will be required to consummate the Transactions and pay related fees and expenses. These funds are expected to come from the following sources: - an equity investment made by the Equity Investor of approximately $49.8 million, assuming a Net Indebtedness of $3.9 million; - borrowings by the Surviving Corporation of approximately $14.0 million under the Credit Facility; - borrowings by the Surviving Corporation of approximately $100.0 million from the issuance of debt instruments; and - Instron's available cash reserves which, as of April 3, 1999, were approximately $10.5 million.

Financing of the Merger. Generally. It is estimated that an aggregate of approximately $174.3 174.2 million will be required to consummate the Transactions and pay related fees and expenses. These funds are expected to come from the following sources: - an equity investment made by the Equity Investor of approximately $49.8 49.6 million, assuming a Net Indebtedness of $3.9 million; - borrowings by the Surviving Corporation of approximately $14.0 million under the Credit Facility; - borrowings by the Surviving Corporation of approximately $100.0 million from the issuance of debt instruments; and - Instron's available cash reserves which, as of April 3, 1999, were approximately $10.5 10.6 million.